Aksh Optifibre gained 0.58% to Rs 43.20 at 14:48 IST on BSE after the union cabinet amended guidelines and allowed broadcasters to provide content to IPTV service providers
The stock was very volatile. It hit a high of Rs 46.25, up 7.68% from previous day's close. The stock hit a low of Rs 41.75, down 2.79% from the previous day's close
The stock had a 52-week high of Rs 96 on 3 January 2008 and a 52-week low of Rs 34.35 on 2 July 2008.
The small-cap telecom products maker has an equity capital of Rs 29.48 crore. Face value per share is Rs 5.
Internet protocol television (IPTV) involves delivery of television and video signals over a broadband network.
Recently, Aksh Optifibre had unveiled its IPTV joint venture with Bharat Sanchar Nigam (BSNL). The company started its service in Jaipur on 4 August 2008 when it had said that it will roll out services in 20 cities of Rajasthan, Jammu & Kashmir, Punjab, Haryana and Uttar Pradesh.
Aksh Optifibre reported a net loss of Rs 9.86 crore in Q3 June 2008 as against net profit of Rs 0.25 crore in Q3 June 2007. Sales rose 57.1% to Rs 31.74 crore in Q3 June 2008 over Q3 June 2007.
Aksh Optifibre manufactures optical fibres, optical fibre cables and glass fibre reinforced plastic rods which are supplied to companies in the information technology and telecom sectors.
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